Financial Literacy Archives - $ WEALTH BUILDING POWERS

by Powers Investments Management, LLC September 23, 2019

ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401 – (K) WHEN CHANGING JOBS

ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401- K WHEN CHANGING JOBS Several years ago, a good friend confided she cashed out her 401K and spent the money. At the time I thought an unwise decision. But of course being less diplomatic (hard to believe right) I said something more in the line of: YOU DID #$@% WHAT ? I was reminded of this story last week, when I ...

by Powers Investments Management, LLC September 9, 2019

WITHOUT ANY DOUBT – THE BEST GET RICH PLAN IN TWO EASY STEPS!

WITHOUT ANY DOUBT THE BEST GET RICH PLAN IN TWO SIMPLE STEPS!

by Powers Investments Management, LLC August 12, 2019

Financial Literacy , Investments , RETIREMENT

THE ABSOLUTE BEST WEDDING GIFT YOU CAN EVER GIVE YOUR CHILD!

BEST WEDDING PRESENT! This weekend we are attending the wedding of my college best friend, Clifton’s son. The couple will have college loans as the bride is currently in Medical School. As parents, Clifton and I ponder the choice of paying for an expensive wedding versus INVESTING IN YOUR FUTURE. And as two financially conservative men, we advise reducing the wedding size and cost and investing the money. AVERAGE ...

by Powers Investments Management, LLC August 5, 2019

Financial Literacy , Mentors

WANT TO LEARN HOW TO BECOME WEALTHY – READ “THE MILLIONAIRE NEXT DOOR”

"The Millionaire Next Door" is my Favorite Wealth Building Book!

by Powers Investments Management, LLC June 12, 2019

Financial Literacy

Education secretary says students should have additional educational and career pathways

DeVos Makes Case for Alternatives to 4-Year College I have written on the unsustainable cost of college previously. This post shares a recent Wall Street Journal Article on the topic. Ms. DeVos nails it when she discusses the lack of financial literacy. Both students AND PARENTS must become more financially literate. Enabling better decision-making and avoiding a life time of UNNECESSARY DEBT. The cost of college is unaffordable for average American ...

by Powers Investments Management, LLC May 30, 2019

Financial Literacy

WANT TO TEST YOUR FINANCIAL LITERACY?

Can you answer these six basic financial questions? Most people answer only two questions correctly. Let's see how well you do. Basic Financial Literacy Questions These six questions on credit history, net worth, interest rates and student loans were developed by Annamaria Lusardi, Director of the Global Financial Literacy Excellence Center (GFLEC) at The George Washington University. They were included as part of a survey conducted by education company, EVERFI, which found in prior research ...

by Powers Investments Management, LLC May 27, 2019

Financial Literacy , WEALTH BUILDING POWERS

“I PITY THE FOOL” WITH THESE KIND OF FINANCIAL TROUBLES!

IDENTIFY THE CAUSES OF PROBLEMS AND FIND SOLUTIONS This is an age test. Who remembers Mr. T.? There was a brief spell where I dressed and looked like him! But all that gold was slowing me down! Thank you for reading Wealth-Building-Powers Blog. I am grateful for all 5 MILLION of you! {Ok maybe a wee bit fewer than 5 Million} WHY OUT OF THE BLUE I STARTED WRITING AN INVESTMENT AND WEALTH BLOG There is a ...

by Powers Investments Management, LLC May 23, 2019

RETIREMENT

THE HOUSE JUST PASSED THE BIGGEST CHANGES TO RETIREMENT PLANS IN A DECADE

{TO READ THE FULL POST GO TO MY PROFILE AND CLICK https://wealthbuildingpowers.com/ The House of Representatives passed legislation Thursday that would make significant changes to the laws governing retirement savings accounts. The aim of the legislation, which will now move to the Senate for consideration, is to make it easier for more employers, particularly small businesses, to offer 401(k)s, and to let workers guarantee how much income their retirement savings produce ...

by Powers Investments Management, LLC May 23, 2019

Financial Literacy , RETIREMENT

This Group of People Is Most Likely to Retire Broke

This Group of People Is Most Likely to Retire Broke https://www.fool.com/retirement/2019/05/23/this-group-of-people-is-most-likely-to-retire-brok.aspx If you refuse to attempt to save for retirement, it is 100% guaranteed you will retire broke! Unfortunately those people earning <$50,000, include a large percentage of women and minorities. You CANNOT keep singing the Woe Is Me, ballad! Keep reading this post to learn the action you can take starting TODAY! EXERPT FROM ARTICLE “Approximately 60% of workers who earn less than ...

by Powers Investments Management, LLC May 16, 2019

WEALTH BUILDING POWERS

Why even ambitious people rarely become successful

https://www.theladders.com/career-advice/why-even-ambitious-people-rarely-become-successful When you’re committed to something, you will be and do what is required for the attainment of that thing. You’ll stop wondering and start building. You’ll stop being distracted and start learning. You’ll start connecting. You’ll start failing. You’ll get what you want, rather than have a long list of “ambitions.” You’ll have actual accomplishments that reflect your inner goals and values. Your external environment will reflect your deepest internal views and ...

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